Oct 31, 2011

Japan - Vietnam, Japan nuclear project intact despite Fukushima



TOKYO (Reuters) - Japan and Vietnam on Monday reaffirmed their plan to build a nuclear power plant in the Southeast Asian country using Japanese technology, even as Tokyo still struggles to put the world's worst nuclear accident in 25 years under control.

Last October, energy-hungry Vietnam accepted Japan as a partner in the construction of two nuclear reactors in Ninh Thuan province in central Vietnam.

But in March, a massive earthquake and tsunami knocked out the cooling functions at Fukushima Daiichi nuclear power plant, 240 km (150 miles) northeast of Tokyo, triggering fuel rod meltdowns, explosions and radiation leakage.

A joint statement, released after Japanese Prime Minister Yoshihiko Noda met with his Vietnamese counterpart Nguyen Tan Dung, said Japan was committed to enhance nuclear safety by sharing lessons learnt from the Fukushima accident.

"The Vietnamese side, welcoming such Japan's efforts, ... expressed its strong desire for the provisions of nuclear technologies from Japan," the statement said.

"The Japanese side expressed its intention to provide Vietnam with the technologies that represent the world's highest level of nuclear safety," it added.

Exporting social infrastructure, such as high-speed railway systems and nuclear power generation systems, is a pillar of Japan's ruling Democratic Party's growth strategy.

But the Fukushima accident shattered the public's trust on the safety of nuclear power generation and raised doubt over such strategy.

(Reporting by Kiyoshi Takenaka; Editing by Yoko Nishikawa)



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Singapore - Flash floods in all areas subsided: PUB



Flash floods that hit parts of Singapore on Monday had all subsided by late afternoon, the Public Utilities Board (PUB) said on Monday.

In its latest Facebook update at 4pm, the national water agency noted that the flash flood which occurred at the junction of Mandai Road and Woodlands Road had subsided, and traffic could now pass.

Earlier, PUB said the flash flood there had caused the area to be impassable to traffic.
Floods have also subsided at the slip road at Kallang-Paya Lebar Expressway (KPE) towards Woodlands, Swiss Club Road (near Sixth Ave) and Dunearn Road (near College Green).

At 2.59pm, the PUB said a flash flood also occurred at Stevens Close but had subsided by 3.04pm. The agency also said ponding at Paterson Road subsided at around 3.15pm.

Earlier, the National Environment Agency (NEA) issued an alert saying that heavy rain was expected over many areas of Singapore between 1.50pm and 3pm.



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Thailand - Anger rises in flooded Bangkok as centre stays dry


Tensions were rising between Thai residents and authorities in flooded parts of Bangkok on Monday, with hundreds protesting that their homes were being sacrificed in attempts to keep the city centre dry.

Police said 200 to 300 people gathered to demand the wider opening of a sluice gate in the northeastern district of Khlong Sam Wa, but the officials held firm and at one point formed a human chain to keep back the villagers.

"The FROC (Flood Relief Operations Centre) has asked the army to send personnel to areas where it has conflicts. The army has sent 200 military police to back up police forces," said defence minister Yuthasak Sasiprapha.

Hopes are growing that central Bangkok will be spared from major inundation after barriers along Bangkok's swollen Chao Phraya River prevented a major overflow during a spring high tide over the weekend.

But the UN's Office for the Coordination of Humanitarian Affairs (OCHA) said the situation remained "critical" in several flooded districts in northern and western city areas, some with water levels rising above one metre (3 feet).

"Meanwhile, tensions are being reported between the authorities and local residents who fear that floodwalls are preventing water from draining out of their districts," the OCHA statement said.

It said a group of residents destroyed a dyke in northern Don Mueang on Saturday, causing a huge volume of floodwater to flow into the Prapa canal, which supplies tap water to Bangkok.

"The military has deployed 50,000 troops across the country to guard and maintain the flood barriers," said the statement.

Villagers in Khlong Sam Wa, who also blocked two roads on their second day of protest Monday, said they were paying the price to keep Thailand's capital and economic heartland free from the kingdom's worst flooding in decades.

"My house has been flooded for two months now and in the last two weeks it's got worse," Samorn Sohwiset, 43, told AFP. "I'll stay here until they open the gate."

Another young male villager, who was digging an irrigation channel to bypass the gate and allow water to pass to the other side, said officials only cared "for the rich people".

The Bangkok Metropolitan Administration (BMA) said that fully opening the gates would threaten key areas of the capital.

"We don't want a group of people to affect our long-term plan," said BMA spokesman Jate Sopitpongstorn. "We take care of the overall situation".

The three-month crisis -- triggered by unusually heavy monsoon rains -- has left at least 381 people dead around the kingdom and damaged millions of homes and livelihoods, mostly in northern and central Thailand.

The crisis has forced the shutdown of thousands of inundated factories, disrupting supply chains and putting more than half a million people temporarily out of work.

Prime Minister Yingluck Shinawatra said the government had made plans to rehabilitate industrial estates, but that it could take three months to get them up-and-running as normal.

Japanese automaker Honda on Monday held off giving an earnings forecast for the year ending March 2012 as it continued to assess the impact on its operations caused by the Thai floods, which have forced it to halt production there.


- AFP/ir


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Vietnam - For the sake of public health



Some 30 children are inflected with the hand-foot-mouth disease every hour, or 700 victims a day, or 5,000 a week.

And, this year to date has seen some 80,000 children being rushed to hospital for treatment of the disease, and still, 137 of them have been killed. The widespread prevalence of the disease puts the society under tenterhooks, prompting local media to repeatedly grill the Health Ministry over delays in announcing a national epidemic. The Health Minister in by all means a straightforward manner says “No.”

Hundreds of news articles have been published these days, highlighting the seriousness of the epidemic that has panicked the community from south to north. All the 63 provinces and cities nationwide have reported the spreading disease, with numerous cases being hospitalized every hour, especially in the country’s centers like Hanoi and HCMC. Local media and experts from far and wide have been waiting for the Health Ministry’s decision to formally announce the epidemic that will help capture the whole country’s attention and pool the necessary resources to put out the disease.

All are poured with cold water, however, when Minister of Health Nguyen Thi Kim Tien in an encounter with reporters this week vehemently rejected the demand, saying conditions were not enough for announcing an epidemic.

So a technical question ensues as to what the conditions are.

The ministry explains that a national epidemic will be officially announced when two conditions are met: first, the number of people infected with a communicative disease exceeds that anticipated by a provincial health authority, and second, the scale of the disease is beyond the capacity of the provincial health authority, and there must be at least two provinces or cities announcing the epidemic.

For the ministry, it seems that all other figures relating to the number of patients or the death toll are less important than the conditions themselves, though the minister says that health officials are not negligent over the death of children.

In the meeting with reporters this Tuesday, the minister downplays the situation in the country, saying other nations like Japan, South Korea, China or Singapore have not announced the epidemic while the situation in those countries are more serious than in Vietnam, according to Tuoi Tre. She asserts that Vietnam is able to control the disease, which has already peaked out.

The minister admits to the existence of the epidemic, but stresses that “formally announcing an epidemic will put the country under emergency, as all agencies must be involved to tackle the problem, while all foreign visitors to the country must undergo tests,” says Sai Gon Tiep Thi. Therefore, “in both theory and reality, announcing an epidemic now is not appropriate,” the minister is quoted on the newspaper as saying.

Sai Gon Tiep Thi refers to the World Health Organization’s guidelines over the lack of transparency as the root cause behind reluctance or postponement in announcing an epidemic. “Economic damages are often cited to explain for the lack of transparency in communicating about an epidemic, but the first concern for a public health official must be the health of the people,” according to the paper.

The newspaper also compares the current situation with the previous occurrences of SARS and avian influenza epidemics in the country, when Vietnam formally announced the diseases and heaped praises from the international community. In those previous situations, the number of fatalities was much smaller.

Lao Dong brands the ministry’s standpoint as “stubborn,” sarcastically commenting that “this ministry expects the epidemic to subside after peaking out.”

With nearly 80,000 patients and 137 fatalities, “this ministry still defies calls to announce the national epidemic for fear that (such an announcement) will affect tourism, transport and other facets of the society.” The paper questions if the Health Ministry is putting human lives at stake.

The hand-foot-mouth disease recurs every year in Vietnam, but the situation this time is the most serious, says Nguoi Lao Dong. In each of the previous years, the country had around 10,000 patients only, while this year has seen a manifold increase.

Pham Song, former minister of health, says on Nguoi Lao Dong that provinces and cities hard hit by the disease should formally announce the epidemic, though he admits that such localities might not want to do so for fear of the bad reputation.

“I think several southern localities like HCMC and Dong Nai Province should have formally announced the epidemic for long,” the former health minister is quoted on Nguoi Lao Dong.

On Lao Dong, head of the ministry’s Preventive Medicine Department Nguyen Van Binh expects that the epidemic will ease in the next one or two months, as often seen in its normal cycle. However, he is also quoted as saying that “the disease with all its complications will continue in the coming time due to the lack of special-treatment medicines and effective prevention vaccines.”

Tuoi Tre in visiting Children Hospital No. 1 in HCMC this Tuesday observed that 150 children were receiving treatment for the hand-foot-mouth disease there, with 85% being transported to the city clinic from other southern provinces.

If the Health Ministry is to perform its duty for the sake of the public health, says local media, it should not wait any longer to make the formal announcement. “Or should it wait for the death toll to rise further before making a move?” ponders Lao Dong.

Son Nguyen - The Saigon Times Daily



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Vietnam - Green projects need both incentives and enforcement



The Government’s preferential policies and enforcement should be among the factors to promote the application of green designs now that more and more high-rise buildings are developed in urban areas.

Also, material price hike, environment protection and market demand have created a motivation for property investors to seek green designs to save energy in their buildings, said Kevin Hydes, general director of Integral Group Canada at the FuturArc Forum held in HCMC last Friday.

However, despite many efforts, there are still obstacles due to the limited awareness of the community and the lack of connectivity from the design to the final completion of the project, said Hydes.

In fact, more investment capital is needed in green projects and the return will last longer.

Speaking on the sidelines of the seminar, Tran Dinh Thai, deputy director of the Department of Science, Technology and Environment under the Ministry of Construction, said green designs offer energy efficiency and huge benefits. Still, he agreed a hefty capital is required, especially with completed projects wishing for upgrade to save energy.

However, Thai said if an investor has a long vision, he will accept higher cost at first to reduce operational expenses later.

Meanwhile, Yannick Millet of the Vietnam Green Building Council said as for new projects, green design will cost less if there is cooperation between architects, engineers, and related partners to provide energy-saving solutions, meaning a connectivity from the design to the final completion of the project.

Millet stressed this would be a long-term process and demanded encouraging and support of the Government.

Millet said the Government can help develop the program not necessarily with money but its policies. This is an indirect way to encourage investment in green projects applied by several countries.

The Vietnam Green Building Council with its green building assessment scheme Lotus has four green projects under construction and some others in preparation, Millet added.

Thai of the environment department said encouraging policies are required in the current period. However, in the long term, sanction and regulations are also necessary to force investors to apply green designs to their projects.

Dinh Dung - The Saigon Times Daily



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Vietnam - Canada, Vietnam share experience in land information management



(VOV) - Canada and Vietnam co-organized a seminar on land management and land tax collection in the northern province of Nam Dinh on October 31.

Experts working in the fields of investment, planning, natural resources and construction from Canada’s Saguenay city and Vietnam’s Nam Dinh, Pleiku, Thai Binh, Phu Ly and Tra Vinh cities attended the event.

The seminar was held within the framework of a project to strengthen local economic development through managing land information that is being deployed by the Canadian International Development Agency (CIDA), aiming to create favourable conditions for exchanging, sharing experience and supporting cities to take part in the project.

Canadian delegates shared their experiences in clarifying real estate transactions, preventing fraud and establishing conditions for credit.

Vu Thi Linh, Vice General Secretary of the Association of Cities of Vietnam (ACVN), said the lack of human resources qualified in the use of information technology (IT) and the weakness in developing software for public management mean that Vietnam finds it difficult to manage land-related information.

Representatives of Vietnamese cities hoped that the Canadian experts would share their experience in providing land information for administrative agencies and publishing information on the internet.

The CIDA project to strengthen the capacity of local economic development through land information management has been undertaken in Vietnam since 2004, with Nam Dinh chosen as the pilot city.

Since 2008, the project has been deployed in five more cities in Vietnam, namely Nam Dinh, Pleiku, Thai Binh, Phu Ly and Tra Vinh.

Canada has committed to support local economic development capacity in three more cities: Thai Nguyen, Ha Tinh and Soc Trang in the next phase before replicating the model across the country.



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Vietnam - WB warns of increasing private debt in Vietnam



(VOV) - The total credit debt balance of the private sector (private debts) in Vietnam is equal to 125 percent of GDP.

World Bank statistics show that Vietnam’s private debts are the highest in the region, leading to warnings about banks’ bad debts.

The rate has increased sharply from 35 percent in 2000 to 71.2 percent in 2006, 93.4 percent in 2007, 90.2 percent in 2008, 112.7 percent in 2009 and 125 percent in 2010.

Experts say that this is due to the real estate bubble and the rising price of land and credit used for real estate.

Some analysts say that there is an increase in the number of credit ogranisations, driving up total credit. In addition, Vietnam’s growth in recent years has depended primarily on investment.

Economist Bui Kien Thanh said banks should pay more attention to businesses’ bad debts to have suitable solutions.

Vietnam’s GDP is now around US$106 billion, which means private debt is more than US$131 billion. With current interest rates, businesses have to pay more than US$20 billion in interest on loans each year and they find it difficult to clear both debts and interest payments on time due to the current difficult economic situation.



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Vietnam - Investor insists on hydropower development in national park (Follow-up)


Duc Long Gia Lai Group has reaffirmed its intention to pursue the Dong Nai 6 and Dong Nai 6A hydropower projects in Cat Tien National Park despite grave concerns over their impact on the eco-system there.

Dong Nai 6 and 6A hydro-power projects: Where is the truth? 
Dong Nai 6 and 6A hydro-power projects: Unfair game 


The company’s investment director, Pham Hung, told the Daily on Thursday that his company had promised to minimize the projects’ impact on the forest so as to win investment licenses from the Ministry of Planning and Investment.

If approval is forthcoming, the firm will start work on the projects in the second quarter next year.

Scientists have in recent times voiced their objections to the two projects, indicating 372 hectares of forest would be chopped to make room for two reservoirs, with 137 hectares of it in Cat Tien National Park.

The hydropower plants, they said, will cause devastating consequences to the environment, eco-system, and forests in the Dong Nai River basin.

“We will garner opinions from scientists and Vietnam’s leading consultants to redo the environmental impact assessment for Dong Nai 6 and Dong Nai 6A in a way that will reduce the effect on Cat Tien National Park,” said Hung. 

Nguyen Dinh Trac, Duc Long Gia Lai’s general director, has signed a memorandum of understanding with a foreign partner to develop the two projects with a total capacity of 241 MW under the clean development mechanism (CDM).

The foreign firm will buy certified emission reduction credits (CER) in these two projects with around 559,120 units each year from 2017. The price of CER depends on the scale of each project but often ranges from US$8 to US$16 each.

Gia Lai Province-based Duc Long Gia Lai Group is active in multiple sectors, including rubber, transport and hydropower. The firm is working on around 10 small hydropower plants nationwide with a total capacity of 600 megawatts and planning to invest in more projects in the future.

Opinion differs over Dong Nai hydropower projects

Scientists and administrators are still at odds over the environmental impact of Dong Nai 6 and Dong Nai 6A hydropower projects on the downstream of the Dong Nai River.

At a seminar on this issue held on Wednesday, many scientists and environmental experts stressed the deployment of these projects would adversely affect the environment, ecology and forest areas in the Dong Nai River basin.  

In particular, Cat Tien National Park and Bau Sau site, boasting the biological diversity and serving as a habitat for rare wildlife, would be endangered, said Vo Van Chanh, deputy director of Dong Nai’s Department of Natural Resources and Environment.

The Dong Nai 6 and 6A hydropower plant projects are to be developed by Duc Long Gia Lai group with the total capacity of 241MW. According to the group’s environment statements for these projects, some 372 hectares of forest, including 137 hectares of Cat Tien National Park, will be encroached to build reservoirs.

Le Huy Ba of the Institute for Science-Technology and Environment Management said including these two power plants there would be 16 hydropower dams along the Dong Nai River. This may directly alter the landscape and obstruct fish migration, reducing fish reproduction and threatening the region’s food security.

Furthermore, Ba was concerned that the Dong Nai River would be stressed with the 16 big dams and dozens of small dams.

When these power plants start generating, the water flow to downstream area will be restricted, causing difficulties for water regulation of pumping stations in Dong Nai Province, said Mai Xuan Tri, head of Irrigation Division under the provincial department of agriculture and rural development.

Therefore, Tri proposed the project owner construct a joint reservoir operation process in the entire basin system of Dong Nai River. Then, a specific plan to discharge water in the dry season is needed to ensure sufficient water for irrigation and daily life and prevent salinity.

However, there were different ideas on the impact of Dong Nai 6 and 6A hydropower plants at the seminar, as some other threw their support behind the projects.

Phung Chi Sy of the Institute for Tropical Technology and Environment Protection said the two power plants are placed behind dams, hence causing no damage to the Dong Nai River.

The two reservoirs contain some 24 million cubic meters of water, which is not much and will be regulated daily. Therefore, the water flow will not be disrupted during the operation of these power plants, Sy added.

Lam Minh Triet, chairman of the Institute for Water and Environment Technology, said Dong Nai 6 and 6A power plants would have positive impacts on the water flow regulation of the Dong Nai River, as they would increase water source in the dry season and reduce flooding in the rainy season. 

Vo Van Chanh of Dong Nai’s environment department told the Daily on the sidelines of the seminar that the department would gather opinions on the environment protection for submission to the Government for approval for these hydropower projects.


SGT




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Vietnam - Universities cry about the lack of lecturers


VietNamNet Bridge – Universities cannot persuade graduates to stay at the schools to work as lecturers, while it is very difficult to “hunt for heads” on the market.


Series of universities in HCM City began recruiting lecturers right when the new academic year started. However, none of them has recruited enough lecturers they need.

Excellent graduates keep indifferent

Under the current regulations, the graduates, who become lecturers after finishing schools, would not be allowed to give lectures in the first year of working, while they can only make scientific research, attend teaching hours of colleagues or undertake students’ affairs. Therefore, a lot of new lecturers feel discouraged and decide to give up the job.

“The salary is low, while the job is boring, therefore, it is very difficult to retain them,” said Hoang Manh Dung, Head of the Administrative Division of the HCM City Open University.

Dung said that the school tries to ensure the permanent staff accounting for 50-60 percent of the total lecturers. However, it is always very difficult to ensure the percentage. It launched the campaign of recruiting new lecturers for the school, but only 40 applications were made, and only 25 lecturers were recruited.

Dung revealed that the school tried to persuade excellent graduates to stay at the school to work as lecturers, but most of them refused the invitation. Only several students, who got university degrees at good level, accepted the invitation, but it seems that they do not have high enthusiasm.

In the past, the postgraduate training regulations allowed 5 percent of excellent graduates to continue studying for master degree without having to attend exams. Meanwhile, the current regulations stipulate that all university graduates have to sit exams to enter the training courses. Therefore, according to Dung, it is now very difficult to retain excellent graduates to be trained to become lecturers.

The HCM City Law University has received 72 applications for the post of lecturers after three months of seeking lecturers. Phan Le Hoang Toan, Deputy Head of the Administration and Personnel Division of the school, most of the candidates were bachelors, and only seven of them got university degrees at excellent level.

Nguyen Manh Hung, President of the Nguyen Tat Thanh University, also said that his school finds it very difficult to recruit lecturers.

Working as lecturers while waiting for better opportunities to come


Universities all believe that it is difficult to recruit lecturers nowadays because the income of lecturers is too low.

Dung said that a new lecturer would receive the salary of 3-4 million dong a month for the first year of working, if he has the university degree at excellent level. Meanwhile, a new school graduate can get 5-6 million dong at least if he goes working for a company.

That explains why most of the candidates for the post of lecturers are female graduates, who do not try to earn money at any cost and feel satisfactory with stable lives.

There are also male candidates, but they make such decisions just because they want to have time to follow new training courses for master degree or seek scholarships to go studying abroad. After they return from overseas with the master degree, they would leave the schools for other jobs which can bring better income.

According to Dung, the HCM City Law University has surveyed its students about if they intend to become lecturers. 70-80 percent of them said they intend to stay at the school, but just to make scientific research and have more opportunities to study further, while they did not mention the plan to become lecturers to earn their living.


Source: NLD


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Kazakhstan - Kazakhstani President begins three-day visit to Vietnam


President of Kazakhstan Nursultan Nazarbeyev and his entourage arrived in Hanoi on October 30 to start their three-day official visit to Vietnam.

Mr Nazarbeyev has served as the President of Kazakhstan since 1991, after being reelected twice in 1999 and 2005.

He is scheduled to meet with top Vietnamese leaders and attend the Vietnam- Kazakhstan business forum on October 31 in Hanoi.

Vietnam-Kazakhstan relations in new period 

Kazakhstani President Nursultan Nazarbeyev’s visit to Vietnam from October 31- November 2 is of great significance to promoting all-round cooperation between the two countries, especially in economics.



Vietnam - Kazakhstan diplomatic ties were established on September 26 1992. Based on their fine relationship, both sides are keen to boost multifaceted cooperation in various fields such as politics, economics, trade and culture. They are also committed to supporting each other at the UN and other international forums, thus helping raise their status in the international arena.

Kazakhstan advocated Vietnam as a non-permanent member of the UN Security Council for the 2008-2009 term, and the two countries recognized each other as a full market economy without international legal documents.

Kazakhstan positively supported Vietnam’s admission to the Conference on Interaction and Confidence-Building Measures in Asia (CICA) held in Istanbul, Turkey in June last year.
 
Bilateral relations were further strengthened when Prime Minister Nguyen Tan Dung decided to set up a Vietnamese Embassy in Kazakhstan in April 2007. In January 2009, Vietnamese ambassador to Kazakhstan Vu The Hiep presented his credentials.

Both sides exchanged high-ranking delegations on a regular basis. Worthy of note were Kazakhstan visits by senior Vietnamese leaders, including Former Prime Minister Vo Van Kiet in June 1994, Prime Minister Nguyen Tan Dung in September 2009, former Foreign Minister Nguyen Manh Cam in February 1994, Deputy Foreign Minister Nguyen Quoc Cuong in March 1999, Deputy Head of the Party Central Committee’s External Relations Commission Vuong Thua Phong in August 2011, and assistant to the Foreign Minister Doan Viet Trung in June 2005 and May 2007.

Kazakhstan’s Deputy Foreign Minister and Chairman of the Kazakhstan subcommittee of the Vietnam-Kazakhstan Intergovernmental Committee for Economic, Trade, Scientific and Technological Cooperation visited Vietnam in December 2009 and in April 2011.

The two countries approved a mechanism for political consultations at deputy foreign ministerial level and held consultations in 2005, 2007, 2009, and 2011.

The Vietnam-Kazakhstan Intergovernmental Committee held its five sessions in Vietnam and Kazakhstan. The fifth session took place in September 2011 in Astana with the signing of the Vietnam-Kazakhstan joint action plan for the 2011-2013 period.

President Nursultan Nazarbeyev’s visit to Vietnam- the first one by a senior Kazakhstani leader- is considered a new landmark in bilateral relations.

Tapping potential from both countries

Kazakhstan is an industrial and agricultural country which has a politically important geographical position and abundant natural resources. The country’s oil reserves rank eighth in the world with its Caspi sea area estimated at 8 billion tones. In addition, Kazakhstan ranks third in chrome reserves, second in uranium reserves, fourth in tin reserves and eighth in gold and coal reserves.

Kazakhstan’s economy has achieved a high growth rate with GDP increasing by 7 percent in 2010 and 7.1 percent in the first half of this year. Last year, Kazakhstan attracted roughly US$14 billion in foreign direct investment (FDI), including US$1.7 billion in the fuels and raw materials areas. 

In terms of economic cooperation, Vietnam and Kazakhstan have engaged in the process of research into negotiations for the Free Trade Agreement (FTA) Vietnam and the Russia, Belarus and Kazakhstan customs alliance and expected to finalize their research results later this year for submission to the Vietnamese government leader and customs alliance members.

The two countries have recently signed a series of resolutions and memorandums of understanding (MoU) and framework agreements, including an agreement on strategic cooperation between the Vietnam Oil and Gas Group (PVN) and Kazakhstan’s National Oil and Gas Company in September 2009.

However, trade cooperation between Vietnam and Kazakhstan is still far from matching their potential as two-way trade remains low. During his visit to Kazakhstan in 2009, Prime Minister Nguyen Tan Dung affirmed that strengthening long-term all-round cooperation with Kazakhstan is one of the top priorities in Vietnam’s external policy.

In this visit, President Nursultan Nazarbeyev and PM Nguyen Tan Dung agreed to promote bilateral cooperation in such areas as economics, trade, investment, science and technology, and tourism.

At the reception for Kazakhstani Deputy Foreign Minister Kazhykhanov Yerzhan who visited Vietnam in April 2011, PM Dung asked Kazakhstan to open its embassy in Vietnam to boost cooperation between the two countries. The opening ceremony is expected to take place earlier than expected, probably next year.

Vietnamese ambassador to Kazakhstan Vu The Hiep said he hopes the Kazakhstani President’s visit will help further strengthen cooperation between the two countries.

Regarding future economic cooperation, Mr Hiep said Kazakhstan is actually an attractive destination for Vietnamese investors, especially in terms of oil and gas, minerals and natural resources, garments and textiles and agricultural products.

In return, Kazakhstani investors are showing their keen interest in the Vietnamese market, he noted. 


VNA


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